Millennials All For Socialism, Don’t Know What It Means

According to new research, millennials like, dislike everything. Some of the things they think they like, they simply don’t understand, like socialism: “Only 16% of millennials can accurately define socialism, making it less surprising that up to 42% prefer socialism and 52% favor capitalism.”

Possible definitions of socialism, according to the millennials surveyed: 1) soft-serve ice cream; 2) kittens playing in a box; 3) rain that only falls at night; 4) small, affordable cities with good weather, a cultural scene, public transportation, and available jobs; 5) teleportation.

Anyway, who really knows how to define socialism vs. capitalism? If we pop quizzed you, would you satisfy the test-takers? What’d you get on your Socialism AP Test, huh, smart guy?

Support for activist government declines as millennials learn its costs,make more money, and take on more responsibilities.

• When tax rates are not explicit, 54% of millennials favor “larger governmentwith more services” and 43% prefer “smaller government with fewerservices.” But once tax rates are mentioned, support flips and 57% favorsmaller government and 41% want larger government.• Among millennials making less than $20,000 a year, 53% support incomeredistribution and 39% oppose. Among those making $40,000 or moreannually, support flips: 42% support and 54% oppose.

• Millennials who pay for their health insurance oppose paying more toprovide coverage to the uninsured (39% to 59%), but millennials whoseparents’ pay favor increased premiums (57% to 42%).

• When millennials learn they may get back less from Social Security thanthey contribute, 51% support private retirement accounts even if doing socuts benefits to current seniors. …

Millennials are favorable to business, entrepreneurship, and government.

• Millennials have a positive view of competition (70%) and profit (64%), and55% say they’d like to start their own business one day.• Millennials firmly oppose a state-managed economy: 64% prefer a freemarket over an economy managed by the government (32%).• But millennials also favor active government. A plurality (48%) saygovernment should do more to solve problems, and 58% say the stateshould spend more on assistance to the poor. Seven in 10 support publicguarantees for housing, health insurance, and income.